Analog Devices, Inc. (NASDAQ:ADI) shares sold by FDx Advisors Inc.

FDx Advisors Inc. reduced its stake in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 62.5% in the first quarter, reports HoldingsChannel. The firm owned 1,227 shares of the semiconductor company after selling 2,042 shares during the quarter. FDx Advisors Inc.’s stake in Analog Devices was worth $243,000 at the end of the last reporting period.

Several other institutional investors also recently modified their holdings in the stock. Carson Advisory Inc. increased its holdings in Analog Devices by 7.2% in the 1st quarter. Carson Advisory Inc. now owns 1,182 shares of the semiconductor company’s stock worth $234,000 after acquiring an additional 79 shares during the period. Catalina Capital Group LLC acquired a new stake in shares of Analog Devices in the 1st quarter worth $519,000. Mediolanum International Funds Ltd acquired a new stake in shares of Analog Devices in the 1st quarter worth $25,892,000. Larson Financial Group LLC increased its holdings in shares of Analog Devices by 263.5% in the 1st quarter. Larson Financial Group LLC now owns 309 shares of the semiconductor company’s stock worth $61,000 after acquiring an additional 224 shares during the period. Finally, Callan Capital LLC increased its holdings in shares of Analog Devices by 3.6% in the 1st quarter. Callan Capital LLC now owns 1,868 shares of the semiconductor company’s stock worth $369,000 after purchasing an additional 65 shares during the period. 86.81% of the stock is now owned by institutional investors and hedge funds.

Analog Devices Price Performance

Shares of Analog Devices opened at $233.74 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.58 and a quick ratio of 1.13. Analog Devices, Inc. has a 52-week low of $154.99 and a 52-week high of $241.88. The company has a 50-day price average of $226.41 and a 200-day price average of $204.77. The company has a market capitalization of $115.99 billion, a P/E ratio of 54.61, a price-earnings-growth ratio of 4.02 and a beta of 1.08.

Analog Devices (NASDAQ:ADI – Get Free Report) last released its quarterly earnings data on Wednesday, May 22. The semiconductor company reported $1.40 earnings per share for the quarter, topping analysts’ consensus of $1.26 by $0.14. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.11 billion. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The company’s revenue for the quarter was down 33.8% compared to the same quarter last year. During the same period last year, the company earned $2.83 per share. Analysts are expecting Analog Devices, Inc. to post 6.24 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17. Investors of record on Tuesday, June 4, received a dividend of $0.92 per share. This represents a dividend of $3.68 annualized and a dividend yield of 1.57%. The ex-dividend date was Tuesday, June 4. Analog Devices’ Dividend Payout Ratio (DPR) is currently 85.98%.

Insider Buying and Selling at Analog Devices

In other news, EVP Gregory M. Bryant sold 17,612 shares of Analog Devices stock in a transaction that occurred on Thursday, June 13. The shares were sold at an average price of $233.94, for a total transaction value of $4,120,151.28. Following the completion of the sale, the executive VP now owns 69,241 shares of the company’s stock, valued at approximately $16,198,239.54. The sale was disclosed in a filing with the SEC, which can be accessed through this link . In other Analog Devices news, CAO Michael Sondel sold 4,830 shares of Analog Devices stock in a transaction that occurred on Friday, May 24. The shares were sold at an average price of $236.58, for a total transaction value of $1,142,681.40. Following the transaction, the chief financial officer now owns 10,547 shares of the company’s stock, valued at $2,495,209.26. The sale was disclosed in legal documents filed with the SEC, which can be accessed through this link . Additionally, Executive Vice President Gregory M. Bryant sold 17,612 shares of Analog Devices stock in a transaction that occurred on Thursday, June 13. The shares were sold at an average price of $233.94, for a total transaction value of $4,120,151.28. Following the completion of the transaction, the executive vice president now directly owns 69,241 shares of the company’s stock, valued at approximately $16,198,239.54. Disclosure of this sale can be found here . Over the last 90 days, insiders have sold 46,642 shares of the company’s stock valued at $10,481,343. 0.31% of the stock is currently owned by corporate insiders.

Analysts set new price targets

Several brokerage firms have recently commented on ADI. KeyCorp raised their price target on shares of Analog Devices from $230.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23. Goldman Sachs Group raised their price target on shares of Analog Devices from $205.00 to $252.00 and gave the company a “buy” rating in a research report on Thursday, May 23. Robert W. Baird raised their price target on shares of Analog Devices from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, May 24. Barclays raised their price target on shares of Analog Devices from $185.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, May 20. Finally, Evercore ISI covered shares of Analog Devices in a research note on Tuesday, April 16. They set an “outperform” rating and a $254.00 price target for the company. Seven research analysts have rated the stock a “hold,” while eighteen have given a “buy” rating. Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.23, based on data from MarketBeat.

Read our latest stock analysis for Analog Devices

About Analog Devices

(Free report)

Analog Devices, Inc. designs, manufactures, tests, and sells integrated circuits (ICs), software, and subsystem products in the United States, the rest of North and South America, Europe, Japan, China, and the rest of Asia. The company provides data converter products that translate real-world analog signals into digital data, and that translate digital data into analog signals; power management and reference products for power conversion, controller monitoring, sequencing, and power management in automotive, communications, industrial, and consumer applications; and power supply ICs, which include performance simulation, integration, and software design tools for accurate power supply design.

Analog Devices Price Performance

Analog Devices Dividend Announcement

Insider Buying and Selling at Analog Devices

Analysts set new price targets

About Analog Devices

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